Live cattle futures are 22.5 to 50 cents higher in the front months. Feeder cattle futures are up 50 to 65 cents at midday. The CME feeder cattle index rose $2.02 on July 12 to $150.74. Wholesale beef prices were lower in the Friday morning report, with choice boxes down 60 cents at $209.25. Select was $1.86 lower, with an average of $195.40. Estimated week to date FI cattle slaughter was 475,000 head through Thursday, 27,000 above the same week last year. A few cash cattle sales @ $120 were reported for Thursday, as most regions are relatively calm thus far today. Total beef export commitments YTD are 10.5% larger than last year at this time.

Aug 17 Cattle are at $117.650, up $0.225,

Oct 17 Cattle are at $118.300, up $0.475,

Dec 17 Cattle are at $118.725, up $0.500,

Aug 17 Feeder Cattle are at $153.600, up $0.575

Sep 17 Feeder Cattle are at $153.475, up $0.500

Oct 17 Feeder Cattle are at $152.150, up $0.650

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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